Having an excellent software provider under your belt is of paramount importance for a successful business. But how are you supposed to get to know who is the best in the industry? Well, we cannot tell you for sure which is the best, but we can tell you one which is definitely different from the others. The leading software provider NetEnt has signed a brand new agreement. They acquired the online slots developer Red Tiger Gaming Limited. What news, right? The deal has an enterprise value of 200 million GBP. However, this is not everything. There is a possible additional amount of 23 million GBP IN 2022.
Red Tiger Gaming Limited- a good choice
Yesterday, NetEnt announced that they entered into an agreement to acquire Red Tiger Gaming. They are a leading online supplier of casino games which has been in the gambling industry since 2014. Red Timer Limited is famous for their daily jackpot games and has around 170 employees across Malta, the Isle of Man and Bulgaria. They are expected to earn a tremendous amount of money by the end of the year.
NetEnt creates the future
This new acquisition agreement will expand NetEnt’s presence in the gambling industry, creating the future of gambling. But how do you interpret this deal? We believe that the deal will provide NetEnt with the opportunity to make future growth in the near future. We have already seen that there have been many new commercial agreements so far. This means that in the future we will see many more, for sure.
Comments on the commercial agreement
The Group CEO at NetEnt, Therese Hilman, commented on the deal. She went on to say: “I am very pleased to welcome Red Tiger into the NetEnt Group. The acquisition combines two of the leading and most innovative companies in the online gaming industry. We look forward to working with Red Tiger’s fantastic team to enhance our combined global reach and to offer further value to operators and players. The transaction will provide significant revenue synergies across our markets worldwide.”
Likewise, Gavin Hamilto, the CEO for Red Tiger Gaming, also expressed his view. “This is an exciting new stage of the Red Tiger story and we are delighted to become part of the NetEnt group. Accessing NetEnt’s unparalleled distribution network and geographic footprint will unlock new opportunities for Red Tiger and will further accelerate our growth. At Red Tiger, we’ll remain focused as always on driving further innovation and we are looking forward to working with NetEnt on how to leverage our combined capabilities to create new products that wow our customers.”
Finally, we have seen that the online gambling industry is experiencing global growth. NetEnt went ahead with their plans to create the future of gaming. Now, it is high time their competitors kept up with NetEnt. Currently, we can do nothing but to remain happy with those commercial agreements.
Finally, you can still make use of our overall listing of the best online casinos right now, so give it a go.